Shareholders are asking the Court of Chancery to decide whether they get a say in whether TripAdvisor’s incorporation moves from Delaware to Nevada, claiming they’re being shut out of a decision that affects their litigation rights.
Bernstein Litowitz Berger & Grossmann, Block & Leviton and Kaskela Law are representing the shareholders of TripAdvisor Inc. and Liberty TripAdvisor Holdings Inc., claiming the chairman of both is aiming to force the switch through to take advantage of the Nevada law that gives officers and directors significantly more protection from being found liable for breaches of fiduciary duty than Delaware does.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]